China’s blockchain BaaS (blockchain-as-a-service) market reached 2.07 billion yuan in 2025, up 7.4% from a year earlier, according to IDC’s report China BaaS Market Share, 2025, cited by PANews on Sept. 2. Ant Digital ranked first with a 32.4% share, while its market share grew 20.6%. Tencent Cloud and Inspur ranked second and third. IDC identified trusted data spaces and AI foundation models as emerging growth drivers, saying BaaS is moving toward smarter applications including smart contracts (self-executing blockchain code), on-chain data analysis and intelligent operations. Ant Digital’s AntChain has continued investing in blockchain research and development, with work spanning cross-chain interoperability, large-scale networks and privacy protection. AntChain holds blockchain patents that have ranked first globally for consecutive years and supports up to 2 billion accounts and throughput of 100,000 TPS, or transactions per second.